Summary of Key Points Core Viewpoint - The announcement details a share reduction plan by Wu Haitao, a director of Hangzhou Zongheng Communication Co., Ltd., involving the sale of up to 1,360,000 shares, which represents 0.59% of the company's total share capital [2][4]. Group 1: Shareholding Information - As of the announcement date, Wu Haitao holds 5,464,725 shares, accounting for 2.38% of the total share capital of the company [2]. - The shares held by Wu Haitao were acquired prior to the company's initial public offering and through capital reserve conversion after listing [2]. Group 2: Reduction Plan Details - The reduction plan will commence 15 trading days after the announcement and will last for three months, excluding any trading windows where share reduction is not permitted [2][4]. - The reduction price will be determined based on the market price at the time of the sale [2]. Group 3: Commitments and Conditions - Wu Haitao has committed to not transferring more than 25% of his total shareholding in Zongheng Communication annually while serving as a director, supervisor, or senior management personnel, and will not transfer any shares within six months after leaving the company [5]. - The reduction plan is consistent with previously disclosed commitments [6].
杭州纵横通信股份有限公司董事集中竞价减持股份计划公告